Nippon Life India Asset Management Limited announced that Subsequent to earlier disclosure dated December 29, 2023, in respect of resignation tendered by Mr. Prateek Jain, Chief Financial Officer (a Key Managerial & Senior Managerial personnel of the Company) and his relieving on the even date, the Board of Directors of the Company at its meeting held on January 4, 2024, upon the recommendations of the Nomination and Remuneration Committee and Audit Committee, has approved the appointment of Mr. Amol Bilagi (presently designated as National Lead-Finance & Accounts & who has now been with the Company for last almost 10 years), as the `Interim-Chief Financial Officer' of the Company with an immediate effect (i.e. January 4, 2024). Amol Bilagi, who joined the company around 10 yrs. ago, is currently designated as National Lead - Finance & Accounts.

He is a qualified CA & CFA (Level III) with around 19 yrs. Experience in the areas namely Financial Strategy & Planning, Business Planning, Company Financials, Budgeting, Financial Reporting, Audit & Compliance, etc.